Online investment scam: Fake Invesco, Goldman Sachs agents dupe Kerala man Rs 7.5 crore

A 33-year-old man from Kerala has lost Rs 7.55 crore to an online investment scam involving fraudsters who posed as representatives of reputed financial firms Invesco Capital and Goldman Sachs. The scam began when the victim was approached by unidentified individuals promising high returns on investments.

Lured by the promise of significant financial gains, the victim began investing smaller amounts. The scammers provided him with a fake account statement showing that his internal equity account had reached Rs 39,72,85,929, purportedly as a return on his investments. Encouraged by this false success, the scammers urged him to invest more money.

When the businessman decided not to make further investments, the situation took a turn. Upon attempting to withdraw his funds, he found himself unable to access the money. Communication with the scammers abruptly ceased, revealing the true extent of the scam. Realizing he had been deceived, the victim reported the incident to the police.


To avoid falling victim to similar scams, several tips are recommended. Promises of high returns with little to no risk are classic red flags. Always be cautious of unsolicited investment offers, particularly those initiated online. Conduct thorough research on any investment opportunity before committing any funds. Finally, never share personal financial information with unknown individuals or websites.